Commercial Real Estate & Business News – January 19, 2021

Tempe Approves Mixed-use Project Planned for Macayo’s Site
The Tempe City Council unanimously gave approval to a plan by Phoenix-based Red Development to redevelop the Tempe Macayo’s Depot Cantina site into a mixed-use development, which also will preserve and restore the train depot on the site. Red Development is planning to build a 17-story office…»
Bank Economists See Brighter Days Ahead
While the American Bankers Association’s Economic Advisory Committee expects the economy to decelerate in this quarter, it says there are brighter days ahead. The committee predicts that the US economy will grow at about 4% over the four quarters of 2021, which will be the most robust…»
Meridian Sustains Healthy Medical Office Investment Volume in 2020
Medical real estate developer and investor Meridian has sustained healthy investment activity in 2020, despite the market shift. The firm’s investment activity was on par with 2019 activity; however, the firm shifted from a focus on ground-up development to repositioning…»
The Cubes — a 5.5 Million SF Industrial Park — is Coming to Glendale
CRG, the real estate development and investment arm of Chicago-based Clayco, announced today it is developing The Cubes at Glendale, a 335-acre industrial park featuring 5.5 million square feet at the intersection of Reems Road and Northern Avenue in…»
Harrison Street, Toll Brothers to Develop Student Housing in Tempe, Arizona
Investment firm Harrison Street formed a joint venture with the student housing unit of luxury home developer Toll Brothers to build a high-end student housing community near Arizona State University in Tempe, Arizona. Harrison Street, a Chicago firm that focuses solely…»